Regular enterprises or institutions generally have five insurances and one housing fund. The housing provident fund is not compulsorily paid by the employer. It depends on the employer's treatment.

It is a legal obligation and a mandatory requirement for workers to pay five insurances. Guarantee citizens’ rights to obtain material assistance from the state and society in accordance with the law in cases of old age, illness, work-related injury, unemployment, childbirth, etc.

As long as the employer has the ability to employ people and the ability to act, a labor relationship can be established between an employer and a worker who uses labor to organize productive labor and pays wages and other labor remuneration to the worker.

Extended information

According to the provisions of the Social Insurance Law, social insurance includes basic, basic medical insurance, work-related injury insurance, unemployment insurance, maternity insurance, etc. The state has established basic and basic medical insurance, work-related injury insurance, unemployment insurance, maternity insurance and other social insurance systems.

Individuals who participate in the basic medical insurance for employees and have accumulated contributions for the number of years specified by the state will no longer pay basic medical insurance premiums after retirement and enjoy basic medical insurance benefits in accordance with national regulations.

If an individual who participates in the basic pension insurance dies due to illness or not due to work, his or her surviving family members can receive funeral subsidies and pensions; if they are disabled due to illness or not due to work before reaching the age limit, they can receive Disability benefits.

Baidu Encyclopedia-Five insurances and one housing fund